Odisha B.Ed Entrance 2026 | Indian Economy Top 50 MCQs in 10 Minutes ⏱️ (Part 2)

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[00:00:01]Hello everyone. The challenge to our next topic is our basics of our basic features of Indian economy inflation topic which is that the challenge to our inflation topic is our discussion for you.

[00:00:13]important topic that you inflation which is the top of the report money some of the telegram channel join state build 2026 PDF channel code subscribe save channel for some more update video money ball into that the most of you regular more classes GK GS money up money GK by Simon telegram channel code update money ball then the next up on the number code the number save number Java teaching regarding doubt that up money purchase a number of ticket corner CB gentle up money to the product most of the directly contact that CB GK GS connect a doubt that you up money message code that you money challenge to the give a inflation of the ticket question up money code that you money challenge to the purchase up money slow code that you money begin to the same minute that you code to get the speed that up money to get the accuracy so that you maintain the code that you money lucky next on topic code that you up money and you have to join the last code challenge to the first question code that you first question that you which of the following index is primarily used by the RBI to measure the inflation for its monetary policy decision RBI code that you code that you answer code that you answer is option B CPI money I'm going to get the consumer price index combined from the top of the time and combined code that you use code that then I will give you inflation is a result of an increase in the price of input such as raw material and wages it is known as the journey more in increase code input to our raw material wages code that you code that you cost push inflation manufacturing cost more money that the dollar money that you code that you code that you money then I will give even core inflation and how does it differ from headline inflation the core food or oil price that cut it down some money that you some money volatile fluctuating in nature some money headline cut it down some money that you answer is option B core inflation excludes volatile components like food and fuel the keyword answer speed just that you some money that you which of the following situation describes stagflation stagflation stagflation money that you inflation money unemployment that the economy growth stagnant some money answer >> High inflation combined with the slow economic growth and high unemployment.

[00:02:04]Then I suggest the money supply in the economy increases faster than the growth of real output it is typically leads to.

[00:02:16]That would have to do with who among the following is most likely to benefit during a period of high unexpected inflation.

[00:02:31]That would have to do with Philip Curve describe the inverse relationship between which two macroeconomic variable.

[00:02:40]That would have to do with which base year is currently used for the calculation.

[00:02:56]What is base effect? Base effect in the context of inflation that we could be the answer is you the impact of the price level of the previous year on the calculation of the current inflation rate.

[00:03:14]The wholesale price index in India gives the highest weightage to which of the following commodity group.

[00:03:23]Services not that.

[00:03:25]That would have to do with disinflation.

[00:03:34]Inflation opposite of what we mean.

[00:03:38]That would have to do with the government deliberately prints massive amounts of currency to pay off national debt it often triggers.

[00:03:45]Galloping or hyperinflation.

[00:03:48]Inflation have a bully quota. That would have to do with which organization is responsible for compiling and publishing the CPI number of for India. That is the CPI result National Statistical Office. NSO CSO and NSO National Statistical Office. Then I would say what does the term skewflation refer to?

[00:04:08]Skewflation a phenomenon where there is a price rise in one or small group of commodity while prices of other remain stable. The inflation but it's a book constant rocking.

[00:04:22]Then I would say inflation target currently mandated for RBI's monetary policy committee. So get the result of the 4 plus minus 2%.

[00:04:31]The inflation targeting RBI set then I would say during inflation the purchasing power of the money inflation purchasing power money decrease money question price maybe value which of the following is an effective quantitative monetary measure used by the RBI to control inflationary pressure. The inflationary pressure to control contractionary policy used that increasing the cash reserve ratio. We have a good system report government security sell not buy SLR to report the local rate to control the inflation. That is what is a shrinkflation. Shrinkflation a situation where companies reduce the size of quantity of a product while keeping its price the same.

[00:05:19]I can biscuit price is the same still the quantity come the amount come then I would say how does an appreciation appreciation of the Indian rupee against US dollar generally impact domestic inflation in India. The appreciation it going to mitigate inflation by lowering the cost of imported items like crude oil. The depreciation appreciation appreciation definitely inflation mitigate cost of goods import and product commodity.

[00:05:52]>> is correct.

[00:05:56]WPI does not capture the price changes of service.

[00:06:01]What is reflation? Reflation a deliberate policy action to stimulate the economic activity and price and raise prices slightly during a recession.

[00:06:18]Menu cost in the study of inflation that refer to what? Now the real cost incurred by firms to change their listed prices frequently during inflationary period.

[00:06:27]That person to the nominal interest rate on a bank deposit is 7% and the prevailing inflation rate is 5%. What is the real interest rate earned by the deposition?

[00:06:45]And in which type of inflation is characterized by price rises at a slow single digit annual growth? When it went to 3% money creeping inflation of a genetic sample to have a double walking about that running double galloping.

[00:06:56]That person to the phenomenon where individuals rush to spend money quickly before it loses value but that cool during high inflation at the taco maker high transaction cost a time about you would you want to shoot leather cost?

[00:07:06]Okay.

[00:07:13]There is an increase in the fiscal deficit of a government is highly likely to lead to inflation.

[00:07:18]Call it is a financed it is financed by aggressive monetization printing new currency notes by the central bank.

[00:07:34]Then I think what is the fundamental difference between GDP deflator and a consumer price index that you had your money GDP deflator measures only imported goods where a CPI measure locally produced goods that you would have domestic goods that you tackle.

[00:07:44]could say what he then I can tell you increase in the minimum support price for agricultural crops without matching productivity gains can lead to cost push inflation.

[00:07:53]The quantity that that I can I will put on the minimum support price what he did it that I mean manufacturing supply side of the body due to the amount of any cost push inflation that which of the following committee recommended the adoption of the flexible inflation targeting.

[00:08:08]That I mean flexible inflation targeting RBI set which is that committee recommended that you had more original committee kind of more monetary policy discussion monetary policy framework original recommendation that what happens to the real value of the tax revenues collected under a progressive tax system during rapid inflation if tax brackets are not independent. That I mean it the tax payers are pushed into higher brackets despite no rise in real income increasing real government tax collection. Then I fiscal drag I mean definition which I said that which is the situation of inflation caused purely by supply shock. Okay, what is the immediate expected outcome of a severe tightening of monetary policy? What is the tightening policy monetary supply monetary potential recession or output drop without necessarily fixing the root supply side problem. Then recession we had a lot of condition that you have a concept clear question which I mean I put it I don't see anything that you have a question that try to demotivate that which is the Fisher effect which I mean it implies that the nominal interest rate accommodates nominal interest rate accommodates that you had expected rate of inflation control that which of the following measure can a government deploy as a part of its fiscal policy to control high inflation.

[00:09:23]That you had increasing direct taxes to reduce disposable income. I mean disposable income I hope I don't need to tell you that definitely I mean say topic that you had GDP GDP GNP and national income I mean I put it I mean I don't know what I mean I don't know that open market operation conducted by RBI to counter inflationary trend involved.

[00:09:47]Selling government security in the market to suck out liquidity.

[00:09:59]High inflation rate generally cause a country's currency exchange rate to They had to depreciate because domestic goods become more expensive and less competitive globally.

[00:10:13]That is index is compiled by the office of the economic advisor under the Ministry of Commerce and Industry.

[00:10:20]Money will be paid to me. Wholesale price index Ministry of Commerce CPI case Ministry of Statistics and Program Implementation involved.

[00:10:29]Cost of living index is another term used popularly to denote the change in inflation.

[00:10:34]Cost of living index Sound off.

[00:11:05]Sound off. Sound off.

[00:11:09]Helpful over. If the velocity of the money circulation increases significantly while output remains constant That is going to come over.

[00:11:15]Increase in price level.

[00:11:19]Which consumer price index variety specifically utilized to adjust to dearness allowance.

[00:11:26]CPI for industrial worker available.

[00:11:33]What is the main drawback of relying solely on the wholesale price index policy intervention?

[00:11:39]The WPI completely excludes the service sector, which accounts for more than half of the India's GDP.

[00:11:51]Given by a continuous rise in international crude oil prices an example of What does a headroom or an inflation tolerance band provide to policy maker?

[00:12:02]The same thing flexibility to prioritize economic growth during slowdown by tolerating minor price rise within predefined level.

[00:12:14]That under the structuralist view of inflation, inflation in developing nations is primarily caused by Developing nation is just to go ahead to it is primarily caused by what? The rigid institutional factors, supply bottlenecks, and structural imbalance.

[00:12:29]That the main point of that.

[00:12:32]Then the when the inflation rate drops from 8% in 1 month to 5% in the next month and that will make one of the year which is more than that. Disinflation that means inflation holding up.

[00:12:44]That was the inflation tax money going on. Yeah, what you want economic loss suffered by holders of cash and fixed income asset as inflation erodes the purchasing power of money.

[00:12:58]Given the one of those something.

[00:13:02]Then I said that which of the following group suffers the most severe adverse hit during unanticipated inflation?

[00:13:10]The fixed wage earner and informal daily worker.

[00:13:19]Then I said that the term headline inflation I mean I can total inflation figure within an economy including volatile commodities something to miss it by that I would say more headline.

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